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Re: misterfishman post# 27447

Friday, 07/09/2021 10:51:36 AM

Friday, July 09, 2021 10:51:36 AM

Post# of 42941
I think this is 88 Energy beginning to transition from just a oil exploration company into a oil exploration and PRODUCTION company. Instead of just "farming out" the Peregrin Project I think they are going to pump it themselves instead of letting ConocoPhillips have all the fun.

Just a theory but it adds up. They have said from the beginning that they want to be both an exploration AND a production company. They have just gotten completely debt free and up to date on their ESG reporting standards. Also they just purchased the other 50% of the Peregrin Project so now they own 100% of the project. All 195,373 acres with an estimated 1.6 billion BOE. Time will tell but it adds up...

$EEENF